Groesbeck, TX is a small town located just outside of Waco in Limestone County. It has a population of around 4,000 people and its economy is largely driven by agriculture. 2 bedroom rental prices are quite affordable at around $970 per month, which is much less than the national average of $1,430. Groceries are also cheaper than many other places; the Grocery Cost Index in Groesbeck is 94 versus 100 in the US. Local companies include Groesbeck Feed & Garden, K&S Tire & Automotive Repair Inc., and David J Beard Construction Co. Residents of Groesbeck enjoy the close-knit community vibe and low cost of living that it offers.
Groesbeck has an unemployment rate of 7.7%. The US average is 6.0%.
Groesbeck has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Groesbeck
- The Sales Tax Rate for Groesbeck is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Groesbeck is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Groesbeck
- The average income of a Groesbeck resident is $15,757 a year. The US average is $28,555 a year.
- The Median household income of a Groesbeck resident is $43,750 a year. The US average is $69,021 a year.